NZ: PM predicts housing boom

The Prime Minister says parts of New Zealand are showing signs of a property boom and suggests the housing market is “about to take off”. John Key told TV ONE’s Breakfast that rent and house price increases in Auckland and supply shortages are symptoms of a looming property bubble.
Asked if he thinks a property boom is coming, Key said supply is starting to bubble through to the surface but it is quite slow………………………………………..Full Article: Source